<PAGE> 1
JUNE 21, 1999 SUPPLEMENT TO
PROSPECTUSES DATED MAY 1, 1999
VINTAGE
THE FOLLOWING INFORMATION SUPPLEMENTS THE PROSPECTUSES DATED MAY 1, 1999 FOR THE
TRAVELERS FUND BD FOR VARIABLE ANNUITIES AND FOR THE TRAVELERS FUND BD II FOR
VARIABLE ANNUITIES.
Fee Table
The Fee Table information presented for the Smith Barney Concert Select
Portfolios of the Smith Barney Concert Allocation Series Fund, Inc. is amended
as follows:
<TABLE>
<CAPTION>
FUNDING OPTION EXPENSES (AS A PERCENTAGE OF THE AVERAGE DAILY NET ASSETS OF THE FUNDING OPTION)
- --------------------------------------------- ---------------- --------------- --------------------
TOTAL ANNUAL
PORTFOLIO NAME MANAGEMENT FEE OTHER EXPENSES OPERATING EXPENSES
- --------------------------------------------- ---------------- --------------- --------------------
<S> <C> <C> <C>
SMITH BARNEY CONCERT ALLOCATION SERIES
- --------------------------------------------- ---------------- --------------- --------------------
Concert Select Balanced Portfolio 0.35% 1.05% 1.40% (2)
- --------------------------------------------- ---------------- --------------- --------------------
Concert Select Conservative Portfolio 0.35% 1.08% 1.43% (2)
- --------------------------------------------- ---------------- --------------- --------------------
Concert Select Growth Portfolio 0.35% 1.18% 1.53% (2)
- --------------------------------------------- ---------------- --------------- --------------------
Concert Select High Growth Portfolio 0.35% 1.28% 1.63% (2)
- --------------------------------------------- ---------------- --------------- --------------------
Concert Select Income Portfolio 0.35% 1.02% 1.37% (2)
- --------------------------------------------- ---------------- --------------- --------------------
</TABLE>
(2)Each Portfolio of the Smith Barney Concert Allocation Series (a "fund of
funds") invests in the shares of other mutual funds. The Management Fee for each
portfolio is 0.35%, and they have no direct expenses. The "Other Expenses"
figure reflects an indirect charge of the expenses of the underlying funds; it
is a weighted average of the expense ratios for the underlying funds in which
each portfolio is expected to be invested during the current fiscal year. See
the Fund prospectus (regarding Y shares) for information on the equity/fixed
income (including money market) investment target and range for each portfolio,
and for the expense ratios for the underlying funds. Such ratios range from
0.45% to 3.22%.
THE EXAMPLE SHOULD NOT BE CONSIDERED A REPRESENTATION OF PAST OR FUTURE
EXPENSES. ACTUAL EXPENSES MAY BE GREATER OR LESS THAN THOSE SHOWN.
Assuming a 5% annual return on assets (and contract charge of 0.009%), a $1,000
investment would be subject to the following expenses:
<TABLE>
<CAPTION>
EXAMPLE: STANDARD DEATH BENEFIT
If the Contract is NOT surrendered at
If the Contract is surrendered at the end of the period shown, or if it
the end of the period shown: is annuitized:
- ----------------------------------------- ---------- --------- ---------- ---------- ---------- --------- ---------- ----------
1 Year 3 Years 5 Years 10 Years 1 Year 3 Years 5 Years 10 Years
- ----------------------------------------- ---------- --------- ---------- ---------- ---------- --------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Concert Select Balanced Portfolio $86 $140 $157 $291 $26 $80 $137 $291
---------- --------- ---------- ---------- ---------- --------- ---------- ----------
Concert Select Conservative Portfolio 86 141 158 294 26 81 138 294
---------- --------- ---------- ---------- ---------- --------- ---------- ----------
Concert Select Growth Portfolio 87 144 163 304 27 84 143 304
---------- --------- ---------- ---------- ---------- --------- ---------- ----------
Concert Select High Growth Portfolio 88 147 168 314 28 87 148 314
---------- --------- ---------- ---------- ---------- --------- ---------- ----------
Concert Select Income Portfolio 86 139 155 288 26 79 135 288
- ----------------------------------------- ---------- --------- ---------- ---------- ---------- --------- ---------- ----------
</TABLE>
<TABLE>
<CAPTION>
EXAMPLE: ENHANCED DEATH BENEFIT
If the Contract is NOT surrendered at
If the Contract is surrendered at the end of the period shown, or if it
the end of the period shown: is annuitized:
- ----------------------------------------- ---------- --------- ---------- ---------- ---------- --------- ---------- ----------
1 Year 3 Years 5 Years 10 Years 1 Year 3 Years 5 Years 10 Years
- ----------------------------------------- ---------- --------- ---------- ---------- ---------- --------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Concert Select Balanced Portfolio $89 $149 $171 $318 $29 $89 $151 $318
---------- --------- ---------- ---------- ---------- --------- ---------- ----------
Concert Select Conservative Portfolio 89 149 172 321 29 89 152 321
---------- --------- ---------- ---------- ---------- --------- ---------- ----------
Concert Select Growth Portfolio 90 152 177 331 30 92 157 331
---------- --------- ---------- ---------- ---------- --------- ---------- ----------
Concert Select High Growth Portfolio 91 155 182 340 31 95 162 340
---------- --------- ---------- ---------- ---------- --------- ---------- ----------
Concert Select Income Portfolio 89 148 169 316 29 88 149 316
- ----------------------------------------- ---------- --------- ---------- ---------- ---------- --------- ---------- ----------
</TABLE>
DOLLAR COST AVERAGING:
Under Vintage Contracts, the minimum amount you may transfer under this
provision is $400.
L-21266 6/99
